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    Nur Zuhairah
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    The document provides a tutorial on forecasting housing needs over a 15 year period from 2005 to 2020. It includes tables showing projections for population, household size, total households, housing stock, replacement needs, current housing, and committed new housing supplies. It then shows calculations to determine total housing supply, demand, and over/undersupply for each 5 year period. The goal is to forecast whether housing supply will meet demand over that time frame.

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    The document provides a tutorial on forecasting housing needs over a 15 year period from 2005 to 2020. It includes tables showing projections for population, household size, total households, housing stock, replacement needs, current housing, and committed new housing supplies. It then shows calculations to determine total housing supply, demand, and over/undersupply for each 5 year period. The goal is to forecast whether housing supply will meet demand over that time frame.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    3 views3 pages

    Tutorial

    Uploaded by

    Nur Zuhairah
    The document provides a tutorial on forecasting housing needs over a 15 year period from 2005 to 2020. It includes tables showing projections for population, household size, total households, housing stock, replacement needs, current housing, and committed new housing supplies. It then shows calculations to determine total housing supply, demand, and over/undersupply for each 5 year period. The goal is to forecast whether housing supply will meet demand over that time frame.

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    © All Rights Reserved
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    of 3

    TUTORIAL

    Table below shows the forecasting population every 5 years.

    i. Calculate the total number of household needs for every 5 years.

    Years 2005 2010 2015 2020

    Population 2,888,590 3,216,221 3,589,013 3,997,879

    Household size 4.2 4.0 3.8 3.6

    Total household 687,759 804,055 944,477 1,110,521

    Population
    Household size
    TUTORIAL
    Table below shows the forecasting population every 5 years.

    ii. Based on the below table calculate the supply of housing for each 5 years

    Year 2004 2005 2010 2015 2020


    1,106,527
    Housing Stock 762,708 755,081 811,370 928,722

    (-replacement 1%) 7,627 7,551 8,114 9,287 11,065


    1,095,462
    Current housing 755,081 747,530 803,256 919,435

    Committed supply - 63,840 125,466 187,092 248,718


    Total Supply 755081 811,370 928,722 1,106,527 1,344,180
    Housing Stock = Committed supply
    Replacement = Housing Stock – 1%
    Current housing = Housing stock – replacement
    Total supply = current housing + committed supply
    TUTORIAL
    Table below shows the forecasting population every 5 years.
    iii. Calculate the total housing needs for each 5 years.

    Years 2004 2005 2010 2015 2020

    Total supply 746,474 747,530 803,256 919,435 1,095,462

    Needs/demand 686,274 687,759 804,055 944,477 1,110,521

    Oversupply 60200 59,771 -799 -25,042 -15,059

    Total
    686,274 687,759 804,854 969,519 1,095,462
    Demand

    Total supply = Current Housing


    Demand = Total Household
    Oversupply = Total supply – Need/Demand

    2010, 2015 and 2020


    Total Demand = Needs/Demand +
    Negative Values Oversupply

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